AROMA EXPRESSO BAR LIMITED - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05120557 (England and Wales)

AROMA EXPRESSO BAR LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A Avital

SECRETARY:

M Avital

REGISTERED OFFICE:

Enterprise House

2 The Crest

London

NW4 2HW

REGISTERED NUMBER:

05120557 (England and Wales)

ACCOUNTANT:

DICKER ECONOMOU & CO

Chartered Certified Accountants

Enterprise House

2 The Crest

Hendon

London

NW4 2HW

FIXED ASSETS

Tangible assets

2

450,080

473,918

CURRENT ASSETS

Stocks

5,500

5,300

Debtors

377,921

386,357

Cash in hand

6,237

6,606

389,658

398,263

CREDITORS

Amounts falling due within one year

260,795

296,574

NET CURRENT ASSETS

128,863

101,689

TOTAL ASSETS LESS CURRENT LIABILITIES

578,943

575,607

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

578,843

575,507

SHAREHOLDERS' FUNDS

578,943

575,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 24 September 2015 and were signed by:

A Avital - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures, fittings and equipment

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

910,809

Additions

41,949

Disposals

(6,800

)

At 30 September 2014

945,958

DEPRECIATION

At 1 October 2013

436,891

Charge for year

65,612

Eliminated on disposal

(6,625

)

At 30 September 2014

495,878

NET BOOK VALUE

At 30 September 2014

450,080

At 30 September 2013

473,918

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

100

Ordinary

1

100

100